Blockchain To Busan? Can A City Become The Center Of Global Digital Innovation?

Busan’s upcoming blockchain projects were announced Dec.12 on Wednesday by a number of industry leaders who have come together to assess the city’s potential to create a global digital information ecosystem.”miracles” were discussed and analyzed at the World Blockchain Summit.

Sunday leaders at event to talk about Busan’s future 
One of the most prominent names available at WBS marvels was Shin Chang-Ho, director of the Bureau of industry for the future of the Busan Metropolitan City, and keynote speaker. He detailed how the blockchain improved the city’s prospects. 

“The city supports block projects to test its technology and services, it doesn’t particularly care about regulation.”

In the first session of the meeting, the private blockchain in Busan region: leading the vision and challenges of the industry leaders, the Department of Finance’s digital bank director Li Zhu Hyun, Busan, Park Hye Jin (EP SEJONG Telecom, oh, oh, Jong-Hyun, president of Korea Institute of finance, ICT convergence and Ho (South Korea University, researcher in the center fintech Global Director of digital money).

Free From Regulation, Busan Can Feed Blockchain Technology
In July 2019, the Ministry of small and medium enterprises and start-ups declared Busan a regulatory free zone for the development of blockchain technologies focused on logistics, tourism, public security and finance. Thanks to the efforts of government and financial companies, blockchain technology in Busan has become an irreversible mainstream. 

According To Li Zhu Hyun,

“As the government changes its attitude towards cryptocurrencies by appointing a government body that governs the industry, financial companies like us are turning to opportunities,” 

Busan Bank is one of nine companies selected for Busan’s exclusive blockchain zone and has also developed the Busan digital coupon.

Blockchain Services Gain Popularity In Busan
Development of blockchain technology in the city

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